| |
How To Quickly Improve A Credit Score
By JP Burkhart
When it comes to your credit score, you may not fully understand how it comes to be at a certain figure, but you do need to understand how to improve it. Unfortunately, not many of us know how to improve our credit score quickly. The following will help you to get you credit score higher in a short amount of time.
First of all, get your credit report from three major credit bureaus. Each credit report may have different information that is being reported and your job is to check them for errors. Check your personal information, such as your name, date of birth, and social security number. Next, look for items that should not be on there. For example, if you had previously paid a debt and is on there as unpaid, you will need to take care of this by sending a letter to the credit bureau with proof that the account was paid in full. Errors account for many people having lower scores than they should.
The next thing to do is to pay down your debts. If you have accumulated a large amount of debt, it will lower your credit score. To accomplish this, take your highest amount of debt, for example the credit card you have the highest balance on, and pay it down as quickly as possible. This does not mean paying it off. If you have a $1,000 limit on this card and you owe $850, put extra on the balance each month. Once you have gotten the balance down to the half way mark of $500, you'll want to use this same method on your next highest balance card. Your goal is to not have any balance higher than 50% on your credit limit.
The most important thing, however, that you can do to improve your credit score is to pay your bills on time. Each time you pay a creditor more than 30 days late, it is reported to the credit bureaus. This, of course, will only lower your score. Paying your bills on time can help you to get your credit score up where it needs to be.
If you can follow these tips for improving your credit, you'll soon find out just how easily it can be done and you'll be on your way to a much higher credit score.
About the Author
JP Burkhart recommends that you visit http://www.creditscoreguide.net/2006/02/how_can_i_quick.html for more information on quickly improve a credit score .
Article Source: http://www.simplysearch4it.com/article/25183.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/25183.html" as shown above and make it hyperlinked. |
| Some other articles by JP Burkhart | What is the National Average Credit Score?
When it comes to credit scores there is a wide range of placement for American consumers. Low credit scores are in the 300's while the highest rating is 850.
...
TransUnion Credit Scoring 101
TransUnion is an international credit-scoring agency which helps lenders make decisions on your credit application. Credit comes in many shapes and sizes—from car loans to credit cards, personal loans to mortgages. Every time you ...
The Secret To Increase A Credit Score
Your credit score can cause you a lot of frustration if it is too low. Your credit score has the ability to keep your from refinancing your home and even prevent your from purchasing a home. If ...
The Credit Score Rating Scale Explained
Many people are unaware of what a credit score actually means. In fact, a survey of 1,000 Americans taken in September 2004 demonstrated that only one third ...
How Does a Credit Score Work?
When you fill out an application for a mortgage, car loan or even a credit card, lenders will consult your ...
Experian Credit Scoring 101
Your credit score is one of the most important numbers attached to your name. Your Experian credit score will show you what kind of shape you are in if you are looking to borrow money ...
|
|
| |
|
